
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (251 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in Chicago.


1919 Grove Ave

304 W Touhy Ave

6815 21st St

1925b Grove Ave

Boulevard North Townhomes

Hollywood Manor Townhomes

433 Wisconsin Ave

307 Yates Ave

The Banc Hammond

929 Brummel St

Linden Towers *Washer & Dryer in Apartment*

Des Plaines Tower

244 S Marion St

The Bryant at Oak Park

Orchard Lakes Apartments

Total Monthly Price
Burbank Manor Apartments

The Residences at Sawmill Station

Evanston Neighborhood Properties

Total Monthly Price
Chestnut Court Apartments

7935 Ogden Ave

Saxony Town Homes

Knox Apartments

Live in Oak Park

Mansard Lane Apartments

Golden Manor

Smith Mobile Home Park

300 Madison St

The Stewart

Dorchester Townhomes

13905-37 S Clark St Riverdale, IL 60827

Reverb Oak Lawn

Forest Park Apartments Bldg 1

Whistler's Crossing

Village Crossing

4603-4611 Davis Apartments

Somerset Park I

Forest Properties, LLC

140 S Austin Blvd

6605 North Ave.

808 Forest Evanston Il 60202

817 Seward St

333 Circle Ave

209 S Oak Park Ave

515 Forest Ave

Iowa Terrace

315 N Maple Ave

908-922 Main Street

2 S. Greenwood

408-416 N. Taylor Ave.
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments | $1,907 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,419 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,986 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,722 | $755 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,315 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,615 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $13,494 | $850 | $10,000+ |
Explore Chicago
Frequently Asked Questions about Cheap Chicago Apartments
What is a cheap apartment in Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $700.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is Coleman Place At Legends South which is listed at $170, while the average apartment in Chicago costs $7,326.
What types of apartments are the cheapest in Chicago?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5,565 regular apartments in Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago?
Cheap apartments in Chicago have an average cost of $510 which is $6,816 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.